SKUT ENGINEERING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SKUT ENGINEERING
Largest movements
- Receivables within one year -€12,247
down €12,247 (-13.5%), from €90,560 to €78,313
of which Trade receivables: -€10,162
- Cash -€9,218
down €9,218 (-41.5%), from €22,238 to €13,020
mainly Investment in fixed assets (net) (-€25,934) and Debts after one year (-€21,256)
- Current investments -€8,653
down €8,653 (-46.2%), from €18,724 to €10,071
- Deferred charges and accrued income +€3,707
up €3,707 (+82.3%), from €4,507 to €8,214
- Debts after one year -€21,256
down €21,256 (-100%), from €21,256 to €0
- Depreciation +€13,309
up €13,309 (+110%), from €12,061 to €25,370
- Gross operating margin -€6,971
down €6,971 (-19.4%), from €36,007 to €29,037
- Taxes -€5,264
down €5,264 (-76.3%), from €6,902 to €1,637
- Other operating charges +€559
up €559 (+24.7%), from €2,265 to €2,824
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €347,451 | €323,617 | -€23,834 | -6.9% |
| Fixed assets | 21/28 | €123,335 | €123,899 | +€564 | +0.5% |
| Tangible fixed assets | 22/27 | €123,330 | €123,894 | +€564 | +0.5% |
| Land and buildings | 22 | €22,076 | €19,384 | -€2,692 | -12.2% |
| Plant, machinery and equipment | 23 | €20,945 | €16,567 | -€4,378 | -20.9% |
| Furniture and vehicles | 24 | €72,315 | €79,310 | +€6,995 | +9.7% |
| Other tangible fixed assets | 26 | €7,995 | €8,633 | +€638 | +8.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €224,116 | €199,718 | -€24,398 | -10.9% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €8,087 | €10,100 | +€2,013 | +24.9% |
| Stocks | 30/36 | €8,087 | €10,100 | +€2,013 | +24.9% |
| Amounts receivable within one year | 40/41 | €90,560 | €78,313 | -€12,247 | -13.5% |
| Trade receivables | 40 | €72,146 | €61,984 | -€10,162 | -14.1% |
| Other amounts receivable | 41 | €18,415 | €16,329 | -€2,086 | -11.3% |
| Current investments | 50/53 | €18,724 | €10,071 | -€8,653 | -46.2% |
| Cash at bank and in hand | 54/58 | €22,238 | €13,020 | -€9,218 | -41.5% |
| Deferred charges and accrued income | 490/1 | €4,507 | €8,214 | +€3,707 | +82.3% |
| Total equity and liabilities | 10/49 | €347,451 | €323,617 | -€23,834 | -6.9% |
| Equity | 10/15 | €253,208 | €253,380 | +€172 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €234,608 | €234,608 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,985 | €8,985 | = | 0.0% |
| Distributable reserves | 133 | €225,623 | €225,623 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €172 | +€172 | |
| Provisions and deferred taxes | 16 | €32,648 | €32,648 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,648 | €32,648 | = | 0.0% |
| Pensions and similar obligations | 160 | €32,648 | €32,648 | = | 0.0% |
| Amounts payable | 17/49 | €61,595 | €37,589 | -€24,006 | -39.0% |
| Amounts payable after more than one year | 17 | €21,256 | €0 | -€21,256 | -100% |
| Financial debts | 170/4 | €21,256 | €0 | -€21,256 | -100% |
| Amounts payable within one year | 42/48 | €40,339 | €37,589 | -€2,750 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €22,909 | €21,256 | -€1,653 | -7.2% |
| Trade debts | 44 | €4,754 | €5,085 | +€331 | +7.0% |
| Suppliers | 440/4 | €4,754 | €5,085 | +€331 | +7.0% |
| Taxes, remuneration and social security | 45 | €11,886 | €10,457 | -€1,429 | -12.0% |
| Taxes | 450/3 | €11,886 | €10,457 | -€1,429 | -12.0% |
| Other amounts payable | 47/48 | €791 | €791 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,061 | €25,370 | +€13,309 | +110% |
| Other operating charges | 640/8 | €2,265 | €2,824 | +€559 | +24.7% |
| Gross operating margin | 9900 | €36,007 | €29,037 | -€6,971 | -19.4% |
| Operating profit (loss) | 9901 | €21,682 | €842 | -€20,840 | -96.1% |
| Financial income | 75/76B | €2,881 | €2,822 | -€59 | -2.0% |
| Recurring financial income | 75 | €2,881 | €2,822 | -€59 | -2.0% |
| Financial charges | 65/66B | €1,633 | €1,855 | +€223 | +13.6% |
| Recurring financial charges | 65 | €1,633 | €1,855 | +€223 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €22,930 | €1,809 | -€21,121 | -92.1% |
| Income taxes | 67/77 | €6,902 | €1,637 | -€5,264 | -76.3% |
| Profit (loss) for the period | 9904 | €16,029 | €172 | -€15,857 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,029 | €172 | -€15,857 | -98.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.